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To: cruncher who wrote (108)6/2/1998 12:43:00 AM
From: sPD  Respond to of 1341
 
Release - STILL IN DISCUSSION WITH RESPECT TO A PROPOSAL

Date: 6/1/98 12:15:32 PM

At the request of the Toronto and Montreal Stock Exchanges, MPACT Immedia Corporation confirmed that it is continuing its discussions with respect to a proposal for a significant transaction with another industry participant, as was previously mentioned in its press release on May 26, 1998.

There can be no assurance that a transaction will be completed or if completed, what the terms of any transaction may be.

For more information please contact:

Barry V. Engel
Executive Vice President, Corporate Affairs
(514) 397-9747 (ext. 202)
Email: engel.barry@mpact.net